AI Token Market Continues to Fall, NVIDIA Earnings a Key Influence
According to The Block, the prices of major AI-related crypto tokens have fallen over the past 24 hours, despite NVIDIA's stock price rising in pre-market trading.Leading AI crypto tokens such as Near Protocol, Internet Computer, Artificial Superintelligence Alliance and Bittensor are down 8 percent and 9 percent, respectively. Leading AI crypto tokens such as Near Protocol, Internet Computer, Artificial Superintelligence Alliance and Bittensor are down 8%, 5%, 9% and 8% respectively.
According to CoinGecko data, the market capitalization of AI tokens fell to $23.9 billion, a drop of more than 6 percent. The market is closely watching NVIDIA's upcoming earnings report, which is expected to be released after the close of trading on Wednesday ET. Analysts say a strong earnings report from NVIDIA could push the market to record highs, while any sign of weakness could trigger a significant pullback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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